Buy or Rent

uxasia

Hi, I will work in UK from January 2019, and I may stay in UK for a few years. Anyone could help me, what's the ROI for buying a condominium in London? What's the price range?

My friend told me rent a room is better than buy it in London, but I'm considering the ROI.

Edi81

ROI?
Condo? You mean flat or apartment.
London is one of the most expensive places in the world for property. Would you get a mortgage?
Sounds like you should rent for a while.

Edi81

Just realised you mean Return on Investment.
Property in London is dropping in value particularly the high-end. Who knows what that will mean post Brexit.

davidmcn

Remember that we abbreviate condominium to "condom" in Britain. This will aid your discussions.

foxy-stoat

Unless your bringing a million or 2 cash into the UK then I would just rent.

Typhoon2000

Renting a room for a few years would not be fun. Fine if your young and just starting out but I suspect that’s not the situation your are in. Look to rent a small flat with easy train/ tube link to your place of work. Work out what it will cost over a few years and do your sums. Are you buying with Singapore dollars? If so the £ is so week against the $, outside prime London, flats will be cheaper than the equivalent in Singapore.

mdori003

davidmcn wrote: »

Remember that we abbreviate condominium to "condom" in Britain. This will aid your discussions.

sage advice :rotfl: